Media: 'Economy is so-so. But if you think it's good, thank Obama, cuz he set up the recovery'
One of the most brazen lies created and pushed by the Lying Mainstream Media is that under Trump's policies the U.S. economy has hurt "ordinary Americans." Then the next day the media follows with this equally brazen lie:
Well...a branch of the Federal Reserve--an outfit that doesn't work for the government and is no friend of Trump's--assembled a report on how 9 measures of the economy have performed over the past 50 years or so. The summary is below. (I'll try to find higher-resolution graphs in the original report.)
If you're familiar with economics, studying these 9 graphs shows that under Obama, the effect of policies that actually crippled the economy was masked by huge new loans, new national debt, printing huge quantities of paper money and so on.
It's as if you had a no-limit credit card and went on a month-long vacation, charging everything on the card. Everything looks great until the credit-card bill hits.
BTW, I am NOT giving G.W. Bush a pass on his policies. GW signed on to the policies proposed by his Deep State advisors, and let far too many disastrous Democrat policies remain in place and even expand.
Besides, maybe the graphs above are fake news. Can you be sure there's even a thing called the "St. Louis Federal Reserve Bank," citizen?
Remember: Unless the NY Times, WaPo, CNN or MSNBC tell you something, it didn't happen.
Economy under Trump is just so-so. But to the extent that the economy has done anything positive for anyone other than billionaires, this result has nothing whatsoever to do with Trump's policies, but instead was all set up by President Obama! So if you're doing well, thank Obama and the Democrats!"How...interesting.
Well...a branch of the Federal Reserve--an outfit that doesn't work for the government and is no friend of Trump's--assembled a report on how 9 measures of the economy have performed over the past 50 years or so. The summary is below. (I'll try to find higher-resolution graphs in the original report.)
If you're familiar with economics, studying these 9 graphs shows that under Obama, the effect of policies that actually crippled the economy was masked by huge new loans, new national debt, printing huge quantities of paper money and so on.
It's as if you had a no-limit credit card and went on a month-long vacation, charging everything on the card. Everything looks great until the credit-card bill hits.
BTW, I am NOT giving G.W. Bush a pass on his policies. GW signed on to the policies proposed by his Deep State advisors, and let far too many disastrous Democrat policies remain in place and even expand.
Besides, maybe the graphs above are fake news. Can you be sure there's even a thing called the "St. Louis Federal Reserve Bank," citizen?
Remember: Unless the NY Times, WaPo, CNN or MSNBC tell you something, it didn't happen.
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